The Uniform Residential Loan Application, also called a Fannie Mae Form 1003 or simply a 1003 kind, is a standard kind that contains all the details required for a lender to ascertain the chance profile of the debtor. All needs for domestic home mortgages are prepared applying this application, if the loans are for house acquisitions, refinancing, or home construction that is residential.
You certainly will fill this type out with the aid of that loan officer in the institution that is financial. The same form applying for joint credit if there is a co-borrower, his or her information will need to be submitted on a separate 1003 form, unless you both sign. There was room in the type for co-borrower information into the instance of joint credit.